Trupanion, Inc. (NASDAQ:TRUP) Stock Has Consensus Price Target of $39.20

Trupanion, Inc. (NASDAQ:TRUP) has been given a consensus rating of “Hold” by the six research firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $39.20.

Several research analysts have commented on TRUP shares. Zacks Research downgraded Trupanion from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Atlantic Securities set a $42.00 price target on Trupanion in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Trupanion from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Piper Sandler lowered shares of Trupanion from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $32.00 in a research report on Wednesday, August 26th. Finally, Stifel Nicolaus raised their price objective on shares of Trupanion from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 20th.

Trupanion Trading Down 0.5%

Shares of TRUP stock opened at $23.58 on Tuesday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 44.49, a PEG ratio of 1.59 and a beta of 1.44. The company’s fifty day simple moving average is $26.91 and its two-hundred day simple moving average is $25.53. Trupanion has a 1 year low of $21.16 and a 1 year high of $46.98. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. Trupanion had a return on equity of 5.96% and a net margin of 1.53%.The firm had revenue of $392.93 million during the quarter, compared to analyst estimates of $389.72 million. During the same period last year, the company earned $0.22 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, analysts anticipate that Trupanion will post 0.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Fawwad Qureshi sold 6,111 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $30.01, for a total transaction of $183,391.11. Following the completion of the transaction, the chief financial officer directly owned 4,230 shares in the company, valued at $126,942.30. The trade was a 59.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John R. Gallagher sold 3,604 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $29.70, for a total transaction of $107,038.80. Following the completion of the transaction, the chief operating officer directly owned 33,742 shares in the company, valued at approximately $1,002,137.40. The trade was a 9.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,046 shares of company stock worth $380,162 in the last three months. 5.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trupanion

Several large investors have recently added to or reduced their stakes in TRUP. WINTON GROUP Ltd raised its holdings in shares of Trupanion by 25.2% in the 2nd quarter. WINTON GROUP Ltd now owns 47,749 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 9,596 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of Trupanion by 0.7% during the second quarter. Squarepoint Ops LLC now owns 71,382 shares of the financial services provider’s stock worth $1,768,000 after purchasing an additional 482 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Trupanion by 7.7% during the second quarter. Arizona State Retirement System now owns 9,587 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 688 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Trupanion in the second quarter worth approximately $1,679,000. Finally, Bank of America Corp DE bought a new position in shares of Trupanion in the second quarter worth approximately $14,262,000.

About Trupanion

Trupanion, Inc is a pet insurance company that provides medical insurance for cats and dogs. Its coverage is designed to help pet owners manage eligible veterinary expenses, including treatment for accidents, illnesses and other covered medical conditions.

The company offers subscription-based insurance plans primarily through direct-to-consumer channels and partnerships with veterinary practices. Trupanion also provides tools intended to streamline claims processing and enable participating veterinarians to receive payments directly, reducing the need for pet owners to pay eligible costs upfront and seek reimbursement.

Founded in 2000, Trupanion is headquartered in Seattle, Washington.